
Jakarta, Pintu News – A new analysis highlights a possible rebound in Cardano , with a new chart pattern expected to trigger the next wave of price gains.
Currently, Cardano is experiencing a steep decline, in line with the trend of most other cryptocurrencies. After Bitcoin fell below $100,000 yesterday-for the first time since June-Cardano’s price corrected more than 6%, hitting a five-month low of $0.49, before recovering slightly.
This visible price weakness has brought ADA’s total decline to 17% in the past week and 36% in the past 30 days, sparking concerns that this token – along with the crypto market in general – has entered a bearish phase.
However, recent analysis from OceanStaker on TradingView suggests a different view. In his commentary, the analyst highlighted that Cardano (ADA) is following a Power of Three (PO3) price pattern and is currently entering the second phase of the structure.
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Cardano entered the first phase of this pattern during a rally fueled by Donald Trump sentiment, where the price of ADA jumped from around $0.32 in early November to a peak of $1.32 in December 2024. Since then, the ADA price has been moving in a consolidation phase until now.
The chart included in the analysis shows that yesterday’s downward trend pushed Cardano into the second phase, which is the price accumulation phase. Analysts expect this phase to be short-lived and characterized by a short-term price correction, but Cardano is expected to hold at the $0.435 support level.
Interestingly, this level is in line with the lower boundary of the accumulation box, which is about 18% below the current market price of $0.53. This indicates that even though the market is under pressure, Cardano’s medium-term technical structure still supports a potential upward movement in the next phase.
After the accumulation phase, OceanStaker analysts predict that Cardano will enter the third phase, which is characterized by significant price increases. In the shared chart, this phase is expected to push the price of ADA past the peak of the first phase at $1.32 and break even higher.
Specifically, this third phase could potentially take Cardano’s price past the $3 mark, perhaps even testing it back to 2021’s price peak and all-time high of $3.10. This would represent a jump of around 485% from the current market price of around $0.53.
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Interestingly, some technical indicators also support this scenario. OceanStaker notes that the MACD and RSI indicators on the daily chart are currently in a downward trend, in line with the price movement. However, if these two indicators manage to breakout along with the PO3 pattern, then ADA’s upward momentum will be even stronger.
The “Cardano to $3” prediction has now become a common view among analysts, as the expectation is that the altcoin will enter its next bullish phase. Crypto Deezy is one of the analysts voicing this target, with reference to a breakout from a descending channel pattern.
Meanwhile, Permabull Dan Gambardello also expects ADA to hit the $3 level in the upcoming bull cycle.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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